Africa to play ‘huge role’ in US critical mineral strategy, says Treasury’s No. 2
The United States is looking to Africa to help loosen a Chinese stranglehold on battery metals and reduce Russia’s influence over the market for other minerals, US Deputy Treasury Secretary Wally Adeyemo said on Thursday.
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Visit: 25
Gold output falls in Burkina Faso as terrorist attacks increase
Gold production in Burkina Faso declined last year as deteriorating security conditions in the West African nation forced some mines to shut.
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Visit: 36
Oil and gas upstream M&A deal value hits highest Q1 levels since 2017
An ongoing consolidation in the US shale industry has driven up global M&A deal value in the oil and gas exploration sector to its highest first-quarter level in seven years, industry experts said.
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Visit: 85
Nippon Steel’s China assets raise concerns over US deal
President Joe Biden’s administration is examining Nippon Steel Corp.’s connections to China, people familiar with the matter say, a potential stumbling block for the Japanese giant’s politically contentious deal to acquire American rival United States Steel Corp.
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Visit: 125
Guinea talks carbon tax on mines as it seeks $4.3 billion loans
Guinea is planning to introduce a carbon tax on mining companies as it started talks with United Arab Emirates investors to raise $4.3 billion to fund development projects.
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Visit: 143
Canada to accelerate critical mineral mining
Canada plans to boost its energy security by slashing the time it takes to develop new critical mineral mines by nearly a decade with improved permitting processes, energy minister Jonathan Wilkinson told Reuters on Tuesday.
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Visit: 176
Metals sanctions are dividing the biggest traders and banks
The latest UK sanctions on Russia are creating new faultlines across the global metals world, in the latest example of how the fallout from the war in Ukraine continues to ripple through commodity markets while creating opportunities for those willing to navigate the restrictions.
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Visit: 184
Australia’s resources minister seeks investment from Korea, Japan
Australia’s resources minister has begun a week long trip to South Korea and Japan to discuss gas exports and critical minerals opportunities, as its government on Monday released a “prospectus” of 52 investment ready critical minerals projects.
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Visit: 167
Copper market a ‘powder keg’ ready to explode, says Friedland
The physical market for copper is “very, very tight and now in deficit”, and with the Federal Reserve rate cut on the horizon, the metal is set to explode this year, said Robert Friedland in an interview with Bloomberg this week.
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Visit: 186
China’s 2023 iron ore imports hit a record high on rising demand
China’s iron ore imports in 2023 hit a record high, up 6.6% from a year before, customs data showed on Friday, thanks to stronger demand amid a lack of government-mandated steel output caps and higher-than-expected steel exports.
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Visit: 175
China copper smelter margins squeezed by tight supply of raw material
Competition for mined copper supplies is expected to intensify, further eroding margins for Chinese firms that produce half the world’s refined copper, but significant output cuts that tighten the metal market are unlikely.
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Visit: 177
Biden extends EU steel, aluminum tariff exemption for 2 years
Mining News Pro - US President Joe Biden on Thursday extended the suspension of tariffs on European Union steel and aluminum for two years to continue negotiations on measures to address overcapacity and low-carbon production.
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Visit: 206
Iron ore rises on upbeat Chinese industrial data
Mining News Pro - Dalian iron ore futures rose for the second consecutive session on Wednesday, as market participants reacted to robust industrial data amid expectations of economic stimulus and robust Chinese demand.
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Visit: 162
US claims huge chunk of seabed amid strategic push for resources
Mining News Pro - The US extended its claims on the ocean floor by an area twice the size of California, securing rights to potentially resource-rich seabeds at a time when Washington is ramping up efforts to safeguard supplies of minerals key to future technologies.
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Visit: 131
Russia says it will have no trouble skirting latest EU sanctions
Mining News Pro - Russia said on Tuesday it would have no difficulty skirting the latest package of EU economic sanctions, which notably target its diamond exports.
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Visit: 118
India in talks with Argentina, Bolivia to acquire lithium assets
Mining News Pro - India is at an advanced stage of discussions with Argentina to acquire lithium blocks, the country’s top bureaucrat in the mining ministry said on Tuesday.
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Visit: 105
US miners miss out on tax credit granted to processors
Mining News Pro - The US has spelled out new rules for tax credits manufacturers can receive for domestically producing parts necessary for the energy transition — and there’s a clear divide for miners and processors.
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Visit: 139
US sanctions Russian metals magnate Sviblov and gold, zinc firms
Mining News Pro - The US imposed sanctions on Russian mining magnate Vladislav Sviblov and several mining companies connected to him, including one that’s developing one of the world’s largest zinc mines.
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Visit: 87
Copper miners, Chinese smelters agree first drop in fees in 3 yrs
Mining News Pro - Global miners on Friday reached agreements with Chinese smelters for a lower copper concentrate treatment and refining charges (TC/RCs) for 2024, the first drop in three years, sources familiar with the matter said.
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Visit: 128
China allows a trickle of critical minerals exports ahead of graphite curbs
Mining News Pro - China exported small amounts of two minerals crucial to high-tech manufacturing in October, marking a resumption in sales after a two-month hiatus caused by Beijing’s restrictions.
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Visit: 97
As Exxon eyes lithium, crucial decision looms on filtration technology
Mining News Pro - Exxon Mobil has yet to decide which lithium filtration technology it will deploy as part of its aggressive plans to become one of the world’s top producers of the metal used to make electric vehicle (EV) batteries, an executive said on Tuesday.
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Visit: 102
Senate passes ‘same job, same pay’ split
Mining News Pro - The Federal Government’s Closing Loopholes Bill has been successfully split in a bid to pass uncontentious and broadly supported protections, the ABC reported.
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Visit: 140
Billionaire-owned Vedanta seals Zambian copper assets deal
Mining News Pro - Vedanta Resources and the Zambian government on Monday sealed an agreement that restores the Indian company’s ownership of Konkola Copper Mines (KCM), ending a protracted ownership battle that stifled investment.
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Visit: 132
Lithium producers stay bullish on EVs despite growing headwinds
Mining News Pro - The world’s largest lithium producers say they remain bullish on long-term demand for the battery material in the midst of recent price drops fueled by growing worries that the global pace of electric vehicle adoption is slowing.
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Visit: 150
Taliban says plans to formally join China’s Belt and Road Initiative
Mining News Pro - The Taliban administration wants to formally join Chinese President Xi Jinping’s huge ‘Belt and Road’ infrastructure initiative and will send a technical team to China for talks, Afghanistan’s acting commerce minister said on Thursday.
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Visit: 205